Textile exports rose by 3pc during July 2017 to touch $1.006 billion

Islamabad: According to data released by the Pakistan Bureau of Statistics (PBS) on Tuesday, exports of textiles and clothing rose 3pc to reach $1.006b during July 2017 in comparison to $979.414m in same period last year (SPLY).

This minor bump up in exports has been attributed to the cash subsidy under the Prime Minister’s package and the disbursement of pending refunds to textile sectors had helped in its revival, said an official.

Ready-made garments exports went up by 20.47pc and knitwear went down by 5.8pc in July. Towel exports declined by 13pc and bed-wear exports were slightly up by 0.57pc.

Made-up article exports excluding towers rose 4pc, while for tents, canvas and tarpaulin they grew by 26pc.

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Exports of raw cotton saw a major decline on a year-on-year (YoY) basis of 70pc. For primary commodities, exports of cotton yarn registered a YoY increase of 6.3pc and cotton cloth and yarn (besides cotton) fell by 8pc and 34pc respectively.

In comparison to same period last year, Pakistan’s overall exports rose by 10.58pc to $1.631b during July 2017 from $1.47b in July 2016.

 

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